DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/547lcs/india_power) has announced the addition of the "India Power Inverter Market Overview" report to their offering.
The market for power inverters in India is expected to grow with a CAGR of 8.49% from 2015 to 2021.
The Power inverter market in India was growing at a CAGR of about 11.79 per cent during the period 2009-2014. The manufacturing ecosystem for these products is quite mature while technological requirements of Inverter manufacturing are greater than the manufacturing and design capabilities present in India currently. Some of the major players in the inverters market are Luminous, Su-kam, and Microtek. Steady demand from the home and SOHO segments is expected to buttress the growth of the inverter market. The unorganized segment has a large share of the inverter market, though its share has been declining lately due to enhanced consumer awareness.
Central Inverters are the major market share acquirers of the inverter market. Micro-inverters are forecasted to increase its share technology wise. Residential segment is the new target of the inverter industry. The unorganized sector which was leading the market till 2012 is forecasted to shrink in the coming years. New entrants are also increasing and their revenue share is expected to grow over the forecasted period, owing to their expansion plans and widening of dealership networks.
Key Topics Covered:
1. Executive Summary
2. Global Inverter Market Outlook
3. India Non Renewable Inverter Market Outlook
4. Pricing Analysis of Indian Inverter Market
5. Company Profiles
- Su Kam
For more information visit http://www.researchandmarkets.com/research/547lcs/india_power